323 Marine Avenue

Manhattan Beach, CA 90266

$3,400,000
Price
5
Beds
3
Baths
2,256 Sq. Ft.
$1,507 / Sq. Ft.
2,256
Sq. Ft.
$1,507
per Sq. Ft.

Description

Lowest-priced full lot (30’ x 90’) in the Sand Section! A+ location with ocean views situated just a few blocks from The Strand! The front building has (2) 2-Bed/1-Bath units and the rear building has a 1-Bed/1-Bath unit above the 3 Car Garage. This is a great opportunity to build your dream house with big ocean views, and if you are not ready to build, increase the revenue by renting the existing units as short-term rentals. The redeveloped property to the East has White-Water Panoramic Ocean Views...Lowest-priced full lot (30’ x 90’) in the Sand Section! A+ location with ocean views situated just a few blocks from The Strand! The front building has (2) 2-Bed/1-Bath units and the rear building has a 1-Bed/1-Bath unit above the 3 Car Garage. This is a great opportunity to build your dream house with big ocean views, and if you are not ready to build, increase the revenue by renting the existing units as short-term rentals. The redeveloped property to the East has White-Water Panoramic Ocean Views from PV to Malibu and sold for $6.9M in 2017.
  1. Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • woody@lyonstahl.com
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 323 Marine Avenue

View
Ocean
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2256

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute
LISTING UPDATED: 04/09/2024 04:43 AM

Property Details for 323 Marine Avenue

StatusActive
MLS #PW24030124
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1939
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute

Building Information for 323 Marine Avenue

Building/Complex323 Marine AveFloor-Stories2Residences-Pet Policy-Year Built1939Building Size-

Payment Calculator

$21,572 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,555

Property Taxes

$3,017

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 323 Marine Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $106,140
  • Gross Scheduled Income: $106,140
  • Net Operating Income: $56,302
Expense Details
  • Operating Expense: $49,838
  • New Taxes Expense: $41,700
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,354
  • Maintenance Expense: $3,184
  • Other Expense: $2,400
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $2,400
  • Total Expenses: $49,838
Tax / Assessment Info
  • Tax Block: 17
  • Tax Tract Number: 13
  • Tax Census Tract: 6203.05
  • CFD/Mello-Roos Fee: $855
  • Tax Lot: 13
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: Entry
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 5
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Triplex
  • View Description: Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 2+ common walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,995
  • Unit Type Total Rent: $3,995
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,900
  • Unit Type Total Rent: $2,900
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 323 Marine Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 323 Marine Avenue

Taxable ValueLand$2,599,153Additions$577,587Total$3,176,740
Tax Record2023$36,200 ($3,017 / month)
Home Facts
Total Finished SqFt2,256 SqFtAbove Grade Finished SqFt2,256 SqFtLot Size2,689 SqFtStyleTriplexYear Built1939ZoningMNRMCountyLOS ANGELESAPN4177-018-014

Schools near 323 Marine Avenue

This home is within Manhattan Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Grand View Elementary School
PublicK to 5

Manhattan Beach Middle School
Public6 to 8

Mira Costa High School
Public9 to 12

American Martyrs School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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323 Marine Avenue is a mixed use property for sale in Manhattan Beach, CA 90266. This property was listed for sale on February 13, 2024 by Lyon Stahl Investment Real Est, it's currently listed at $3,400,000. It has been on the market for a total of 78 days and was last sold on February 3, 2015. This listing's school district is Manhattan Beach Unified School District. Nearby schools include Grand View Elementary School, Manhattan Beach Middle School and Mira Costa High School. 323 Marine Avenue is a 5-bed, 3-bath, 2,256 sqft mixed use property built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.